29903 Marine View Dr SWFederal WayWA98023
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Federal Way at 29903 Marine View Dr SW, Federal Way, WA, 98023 offers a 3.07% rental yield on a $1,888,300 purchase with $4,831/mo rent. 58% in year one. Equity gained on principal adds $12,185/yr while 5% annual appreciation supports $521,702 over five years. Portfolio math shows five-year ROI at 36.4% and total cumulative return in cash at $222,722. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,831/mo property income against a $9,242/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98023, Federal Way, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,083 (100%) |
| Owner Occupied HU | 11,696 (61.3%) |
| Renter Occupied HU | 6,783 (35.5%) |
| Vacant Housing Units | 604 ( 3.2%) |
| Median Home Value | $621,826 |
| Average Home Value | $711,004 |
Housing Distribution
Address Breakdown
Residential
18,049
Single Family
14,981
Multi-Family
3,068
Businesses
230
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Listed by: N/A • N/A
Mls Name: John L Scott Real Estate
Mls ID: #2366955